The content under this title is made available at no cost to the general public through the Internal Revenue Services (IRS), a bureau of the Treasury of the USA government.
The IRS is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law.
The series of training offered on this platform is aiming at educating future and/or existing entities in all aspects related to tax-exemption in the USA.
As per investopedia.com, tax-exempt refers to income or transactions that are free from tax at the federal, state, or local level. The reporting of tax-free items may be on a taxpayer's individual or business tax return and shown for informational purposes only.
Tax-exempt may also refer to the status of a business or organization which has limits on the amount of income or gifts which are taxable. These organizations include religious and charitable institutions.1
A tax exemption excludes certain income, revenue, or even taxpayers from tax altogether. For example, nonprofits that fulfill certain requirements are granted tax-exempt status by the IRS, preventing them from having to pay income tax.
GlobalSparks does not offer legal advice on this, or any other matters. For complete information on tax-exemption please refer to https://irs.gov
Need help? 
